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20121207
20121207
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and transportation that were damaged by super storm sandy. the initial estimate for the damages $7 billion. new york's metropolitan transit system says much of their train tunnels, station and critical of equipment have been destroyed. the port authority of new york and new jersey which operates three airports say they are still trying to calculate their recover costs. >> on a quick break as the kron4 morning is returns. we are watching traffic moving slow some of the and traffic here. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you g
bankrupt in new york history. 20 years ago it had automobiles and music. it seemed like the center of the universe. the fear is that the state review will show the city is broke. the way the city can avoid filing bankruptcy is to come to terms with their unions and creditors with their pensions and healthcare and other obligations. detroit is over $2 billion in debt and experts say it's unlikely they are going to come to terms. it also does not look like the president or the big banks will come to the rescue. chapter 9 is very expensive and it's a last ditch effort because it will lead to money going out the door and also to a lot of chaos. it's legally giving detroit about six months to get its books in order, to get its financial house in order. but if this review shows the city is in fact very cash strapped, well then it could speed up the entire bankruptcy process and we know for a fact that cash flow in the city of detroit is down to a trickle. alisyn: they have been in trouble for some time. thanks for the update. there is new hope for people suffering from alzheimer's diseas
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